South Africa’s biggest shopping malls are dumping Eskom
- South Africa's biggest shopping malls are indeed dumping Eskom, with Resilient Estate Investment Trust aiming to reduce its reliance on the national electricity grid.
- Resilient Estate Investment Trust owns 28 retail spaces across South Africa, with plans to meet approximately 43.2% of its energy needs through renewable electricity by the end of the current financial year.
- The move away from Eskom is driven by high electricity costs, with the price of electricity nearly doubling over the last decade, and Resilient plans to expand its Battery Energy Storage Systems to several other retail areas to improve its ability to respond to outages.
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